USDA Announces Additional $250 Million in Financial Assistance for Distressed Farm Loan Borrowers

The U.S. Department of Agriculture (USDA) announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan borrowers under Section 22006 of the Inflation Reduction Act. This significant step continues USDA’s commitment to keeping farmers and ranchers financially viable and support for agricultural communities.

Over the past two years, USDA acted swiftly to assist borrowers in retaining their land and continuing their agricultural operations. Since President Biden signed the Inflation Reduction Act into law in August 2022, the USDA has provided approximately $2.4 billion in assistance to more than 43,900 distressed borrowers.

A news release containing additional information is attached to this email and has been posted to our state website at the following link: USDA Announces Additional $250 Million in Financial Assistance for Distressed Farm Loan Borrowers.

Please contact FSA-MNST2-Executive@usda.gov with any questions.